Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k! | |
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Anonymous Coward User ID: 80981944 Singapore 04/21/2024 02:03 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k! Most of this is hopium, trying to transfer psychologically the immutable characteristics of gold/silver (the only real money in existence) to a digital proxy. I'm not anti-crypto, and it will have fits and spurts to the upside, blut it will never supplant gold. The big wigs are stacking gold, not bitcoin. |
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Anonymous Coward User ID: 78838703 Switzerland 04/21/2024 02:07 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k! In order to control you they need to consume all your saving and take over your assets. When you will own nothing besides being "happy" (under constant sedation) you will also be unable to say no to anything. Bitcoin has the exact same function as the casino, the stock exchange,etc...milk your liquidity. Push you to get rid if your assets to play the roullete. Remember, they own all the casinos...whaever you like to call them. |
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Anonymous Coward User ID: 78934466 United States 04/21/2024 02:11 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k! Bitcoin and Digital currencies will break the Banks and Cause massive inflation and hit 500k! Quoting: plushtek 1/Banks need liquidity for loans and bank transactions to make profits for share holders and Fat CEOS, money is flowing out of the banks into the cypocriptic currencies. Also in some countries there are negative interest rates or little of no advantage having a savings account because fees chew up your savings or low interest rates. 2/BTC is free market with no short selling yes you can sell it down for profit but you cant naked short it like gold which is paper traded. 3/Things will get more expensive because currencies are going down pegged against BTC have you noticed its happening already. 4/It has more time to run because a lot of investors are still on the side line because people don't know it like they didn't know the Internet in 1994 but now everyone uses the Net. 5/The bubble cant bust because it will get to big and have its own true value because they can only mine a certain amount by the year 2140.Other digital currency will be pegged against it. 6 People will prefer to use this kind of transaction because its instant like like a bank transfer taking 3days with a middle man .PLus the fees are like a fraction to the banks. 7.It will actually be a one world currency not like normal money where you have to exchange it for what ever country your in. These are just my personal thoughts. Your personal thought are 1: Wrong 2: Retarded You CAN short BTC....Plenty ETFs which are designed to do just that. 90% of BTC is owned by 5% of holders. It can be crashed at any time. It's pegged to nothing. It will reach 0 before it reaches 500k. |
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Anonymous Coward User ID: 86674841 United States 04/21/2024 02:23 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k! Bitcoin and Digital currencies will break the Banks and Cause massive inflation and hit 500k! Quoting: plushtek 1/Banks need liquidity for loans and bank transactions to make profits for share holders and Fat CEOS, money is flowing out of the banks into the cypocriptic currencies. Also in some countries there are negative interest rates or little of no advantage having a savings account because fees chew up your savings or low interest rates. 2/BTC is free market with no short selling yes you can sell it down for profit but you cant naked short it like gold which is paper traded. 3/Things will get more expensive because currencies are going down pegged against BTC have you noticed its happening already. 4/It has more time to run because a lot of investors are still on the side line because people don't know it like they didn't know the Internet in 1994 but now everyone uses the Net. 5/The bubble cant bust because it will get to big and have its own true value because they can only mine a certain amount by the year 2140.Other digital currency will be pegged against it. 6 People will prefer to use this kind of transaction because its instant like like a bank transfer taking 3days with a middle man .PLus the fees are like a fraction to the banks. 7.It will actually be a one world currency not like normal money where you have to exchange it for what ever country your in. These are just my personal thoughts. Your personal thought are 1: Wrong 2: Retarded You CAN short BTC....Plenty ETFs which are designed to do just that. 90% of BTC is owned by 5% of holders. It can be crashed at any time. It's pegged to nothing. It will reach 0 before it reaches 500k. It was a great post from 2017. You are a fucking retarded bitter no coiner. |
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Shaun Kaven
User ID: 77851499 United States 04/21/2024 02:39 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k! Last Edited by Shaun Kaven on 04/21/2024 02:50 AM Like I told my ex-wife, I said: honey, I never drive faster than I can see. Besides that, it’s all in the reflexes… |
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Anonymous Coward User ID: 85400528 United States 04/21/2024 02:42 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k! |
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Anonymous Coward User ID: 78372275 United States 04/21/2024 10:10 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k! Our government is pretending like inflation is 3% annually rather than the reality that it is 3% a month, not including the actual cost of living. That's conservatively around 36% annually. Essentially the financial system is under controlled Demolition right now by the powers that be. How do you suppose people will be able to repay bank loans and lines of credit with their cost of living doubling and tripling in such a short amount of time? Hint, they can't and this is by design. Back in the 70's when they had an inflation crisis that wasn't intentional, they were giving people monthly cost of living increases so that the economy did not collapse. The dollar also went about 6 or 7 times further back then. This might not be like the great depression so much either, as this is apparently a manufactured crisis where they will present a solution. Probably a global digital currency and the end of the US constitution. |
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Anonymous Coward User ID: 78372275 United States 04/21/2024 10:35 AM Report Abusive Post Report Copyright Violation | Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k! Miners are currently losing $500 million per month Quoting: Anonymous Coward 56839711 But no coiners are gonna admit that. . It's not a scam that can go on forever. The technology is worthless if it can't scale on chain. What happens if this ghey idea of "digital gold" really catches on and people actually do want to transact using authentic BTC fake Bitcoin or the like and discover they have to wait days for a transaction to go through because the network is congested and can only process 6 transactions per second? |
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